tailieunhanh - A GUIDE TO ECONOMIC GROWTH IN POST-CONFLICT COUNTRIES

Taxes can affect investment not only through the income and substitution effects related to saving, but also through a risk-taking effect. The capital gains tax rate has been singled out as being important to investment. For risk-averse investors, the capital gains tax could act as insurance for risky investments by reducing the losses as well as the gains—it decreases the variability of investment returns. 27 Consequently, a rise in the capital gains top rate could increase investment because of reduced risk. The bottom charts in Figure 3 show the observed relation between the private fixed investment ratio (investment divided by potential. | USAID FROM THE AMERICAN PEOPLE A GUIDE TO ECONOMIC GROWTH IN POST-CONFLICT COUNTRIES January 2009 Office of Economic Growth Bureau for Economic Growth Agriculture and Trade . Agency for International Development USAID RWANDAN FARMERS PRODUCE HIGH QUALITY COFFEE THROUGH THE BRINGTO COOPERATIVE WHICH BENEFITED FROM USAID ASSISTANCE. USAID RWANDA A GUIDE TO ECONOMIC GROWTH IN POST-CONFLICT .

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